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प्रश्न
Explain the following term/concept.
Foreign Trade
उत्तर
- Buying and selling of goods and services is called trade.
- Trade can be conducted within the country or with other countries.
- Trade conducted with other countries is called foreign or external trade.
- Foreign trade is divided into three parts; they are import, export and entrepot trade.
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संबंधित प्रश्न
How would you classify business activities?
Select the correct option and rewrite the sentence.
The raw material is converted into finished product by ______ industry.
Select the correct option and rewrite the sentence.
The actual buying and selling of goods is known as _______
Select the correct option and rewrite the sentence.
The problem of distance is solved by _______
Select the correct option and rewrite the sentence.
Commerce is a branch of _______
Give one word/phrase/term.
Name the business activity which is concerned with the production of goods and services.
Find the odd one.
Complete the sentence.
Business is an _______ activity.
Complete the sentence.
_______ is considered as a reward for assuming several business risks.
Complete the sentence.
Industry creates _________ utility.
Complete the sentence.
In ________ trade, goods are purchased and sold in bulk.
Complete the sentence.
_________ is the link between wholesaler and customer.
Answer in one sentence.
What do you mean by commerce?
Correct the underlined word and rewrite the sentence.
Industry creates place utility.
Justify the following statement.
Retailer is in direct contact with ultimate consumers.
Justify the following statement.
Commerce is a wider term than trade.
Justify the following statement.
A combination of import-export trade is entrepot trade.
Justify the following statement.
Transport creates place utility.
Attempt the following.
State the role of auxiliaries to trade in trading activities.
